The shipping industry, accountable for almost 3% of global greenhouse gas emissions, is very important in the discourse on climate change. The European Union, through the European Green Deal, aims for carbon neutrality by 2050, signifying a substantial shift towards sustainability within the maritime sector. This transformation is further propelled by the Fit for 55 package, which seeks to reduce greenhouse gas emissions by 55% by 2030, aligning with the European Climate Law's objectives.
Fit for 55 introduces critical legislation affecting the maritime industry, including the Corporate Sustainability Reporting Directive (CSRD), the EU Emissions Trading System (EU ETS), the Carbon Border Adjustment Mechanism (CBAM), the Alternative Fuels Infrastructure Regulation (AFIR), and the International Maritime Organization (IMO) Carbon Intensity Index (CII) Rating. These measures mandate comprehensive emissions reporting, encourage the use of alternative fuels, and promote energy efficiency, guiding the sector towards a sustainable future.
Source: shypple.com
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